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20121104
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and power outages, very effectively. lots of folks spreading updates from government officials, power companies and news organizations really helping to get that word out. sandy, new jersey, fema, business, hudson river, tappan zee bridge, all of the top trending topics on twitter. instagram has seen thousands of photos taken. interestingly delaware is the state with the highest amount of buzz around the storm followed by new jersey and then connecticut, but a picture is really what's worth a thousand words, and there are thousands of them. here are just a few. the fdyn, as you with see here, putting up a picture of the waves crashing into the bridge in brooklyn and then if you look over here, we've got a picture of the white house. this is the situation room. president obama tweeting out this very powerful. moving over here, you've got sandbags in jersey city, new jersey, justin solomon out with our reporter brian schactman in montauk tweeting that picture, and that's only gotten worse since then. there's more pictures from monta montauk. nbc's ron allen in atlantic city. check out t
which means you can make the infrastructure changes that you can't. you're a victim of government al control. it's the exact opposite of free market economics. >> it's a balance. no question about it. regulators are very sympathetic to utilities needs to enhance the infrastructure, but they have citizens breathing down their neck or want the rates cut or reduced. >> why didn't the markets set the rates? that's what i'm really asking. >> you can't do that with this asset. the thing that gets the juice from the generator on the customer, you can't have duplicate systems. and you would need duplicate systems if you really want that had kind of competition that you just inferred. >> that's what the distribution, but what about the purchase of the power itself. there are ways to deregulate this industry that would present who are competition, isn't there? >> no n. moin most cases there open market. there is competition. at the wholesale level. if you want competition at the resale level to some extent that exists in certain places. >> can i translate that for me? so if i run a big industr
. >> you are speaking about the power of the individual as opposed to the power of the state or government. >> well look, i think in it's proper spot, the government is going to take care of the government. they are going to do a pretty good job and let me just say president obama has been all over this, so my hat is off to him. >> hurricanes don't create new economies. i'm saying destructive things like this can be repaired so we get back to where we were in the first place. the numbers, heck, $50 billion, $60 billion, some of that will be recouped in the 4th quarter and some in the 1st quarter. >> we were talking with peter king about that. >> well look, two things, you are talking about 0.30 of 1% of gdp. the fiscal clip and the tax and regulatory threats and barriers that is a different issue. i'm not saying that the repair of sandy is going to give us a 5% gdp which is what i want. it will get us back to par. and it will probably happen very fast. you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spi
'm looking at your industry and thinking this is one of the most heavily regulated government intervened industries in the country and those two facts are not connected? >> they're not connected, because basically you cannot stop hurricane sandy from knocking down power lines. and from bringing water into the underground tunnels in new york where we have underground equipment. or creating major snowstorms out in west virginia. we've had everything but the locu locusts in this situation and we've brought in 60,000 -- 60,000 people have left their homes from as far away from california and all around the country to come east here to sit in staging areas throughout the storm to get together, to help to try and bring power back on. they're the unsung heroes. i don't know of any other industry that does that. >> what about these substations, which apparently are going to be a big problem. when can they get cleared up so the power can flow? >> that's another thing. when substation gets flooded, like anything else, the water has to be pumped out. you talked about in terms of the amtrak situatio
Search Results 0 to 4 of about 5